Reflexivity, maturity, security, payment … Crediting arose simultaneously with the appearance of money, and possibly earlier. – Since then – a man can not refuse the opportunity to get what you want now, but pay later. Credits gained wide popularity in the modern world. – Developed credit market contributes to the development of a market economy, because with it as quickly and efficiently means redistributed to the most profitable areas of activity. To date, lending market in Ukraine froze.

– The banking system is one of the first felt the onset of economic crisis and now long time before recover from its effects. Most banks in Ukraine and stopped lending altogether. The remaining conditions have tightened, interest rates have risen significantly. Get a loan from the Bank to date has not simple and expensive. Alternatives to conventional bank loans became collateral lending.

Pawnshops have begun to lend not only to bail jewelry or appliances, as well as actively lend bail Car (Pawnshop), and even real estate (mortgage pawnshop). Number of financial institutions providing loans secured by automobiles and real estate is growing every day. Lombard lending differs from already familiar bank loans. The main difference is the term of the loan offered by pawnshops, which is on average from one to several months or, at best, up to one year, in contrast to several years which were given bank loans. Pawnshops provide short-term loans. One of the reasons interest rates are so high that long-term loan at a pawn shop just simply is not profitable.

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